BMO Global Asset Management has launched BMO Universal multi-asset portfolios (MAP), an actively managed range of low-cost multi-asset solutions.
The portfolios bring institutional product design and expertise to the retail and wholesale market, providing investors with active management for the cost typically found in portfolios made up primarily with passive solutions.
The range is aimed at cost-constrained areas such as auto-enrolment or pension transfers where investment pots may be smaller and overall costs of advice and delivery may be a prohibiting factor.
The three funds launched within the BMO Universal MAP range are allocated globally across equities and fixed income, blending a range of investment styles and techniques.
They are managed by BMO Global-Asset Managements (EMEA) multi-asset investment team, which is headed by Paul Niven, who will utilise BMO Global Asset Management’s global fund management capabilities in constructing the portfolios.
The BMO Universal MAP are built with a medium-term strategic top-down asset allocation positioning coupled with more frequent tactical tilts. They will also benefit from the active allocations and bottom up security selection by BMO Global Asset Management’s fund managers selected by BMO Global Asset Management’s Multi-Asset team to run the underlying assets.
The funds are available to retail investors in the UK. The funds have a capped ongoing charge figure (OCF) of 0.29%.